GREENVILLE, SC – Meridian Waste, an integrated non-hazardous solid waste services company, announced today that it has closed the purchase of a second acquisition in the Greater Greenville, SC market, while densifying transportation operations in the seven states of the company’s operational footprint.
The acquisition includes Ace Environmental Holdings, LLC, located in Greer, SC. Earlier this week, the company announced the acquisition of Sunrise Sanitation, Inc. located in Easley, SC. The terms of both asset purchase the agreements remain private. South Carolina’s second acquisition marks Meridian Waste’s fifteenth acquisition since the company’s transition to private equity under the ownership of Warren Equity Partners (WEP) in April 2018.
The assets acquired from Ace Environmental Holdings, LLC, include a construction and demolition (C&D) debris transfer station located at 512 Cherokee Road in Pelzer, SC, and a transportation facility located at 315 Buncombe Street in Greer serving residential, commercial and government contracts in the Greer, Greenville and Spartanburg, SC markets. The Greer unit will serve as the main transportation company for Meridian Waste, which houses the rolling stock and administrative functions of the combined companies. Former Ace Environmental Holdings owner Steve Serafino and the organization’s employees transitioned to the Meridian Waste team after the acquisition was closed.
“Entering the South Carolina market with two consecutive acquisitions ensures that Meridian Waste is a strong player with immediate scale, a strong operating platform, a valuable transfer station, significant synergies and route densities,” said Walter “Wally” Hall , Executive Director of Meridian Waste. “We continue to expand our presence in the Southeast in fast-growing markets and look forward to serving Greenville residents and businesses.”
“The decision to join the Meridian Waste team was a natural fit for Ace Ambiental,” said Serafino. “Wally and his leadership group have a proven track record of success in the waste industry. They are focused on the issues that matter most, including strategic growth, providing quality services, a solid environmental record and safe operations, ”he said. “Together, we are in a position to offer the Greenville market strong competition in the solid waste sector. We continue to deliver on our promise to add environmental and financial value to our customers, employees and communities. ”
Greenville is South Carolina’s largest market and has grown by 2% a year for the past ten years. South Carolina is the seventh state in which Meridian Waste now operates. For more information, visit the website at www.MeridianWaste.com.
About Meridian Waste
Headquartered in Charlotte, NC, Meridian Waste is a company defined by its commitment to serving its customers, caring for and engaging its employees and generating financial value for its shareholders, while offering a clean and healthy community. The company’s main waste business is focused on the collection and disposal of residential, commercial and industrial non-hazardous waste. The company currently operates in St. Louis, Mo., Richmond, Va., Blacksburg, Va., Augusta, Ga., Northeast Fla., Knoxville, Tenn., Raleigh, NC and Greenville, SC serving more than 108,796 ressential, commercial, industrial and government customers. In addition to a fleet of commercial, residential and roll-off trucks, the company operates seven transfer stations / material recycling facilities (MRFs), three municipal solid waste landfills and three C&D landfills in which 920,814 tons Waste is safely disposed of annually. For more information visit MeridianWaste.com.